Technical Analysis

The Dow managd last Friday to hit the target at 50000-100. As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold this trading…
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Gold is still holding the advance momentum as we see over the Intraday frame showing the first support at the 4935-65 zone. If prices remain above the said zone, then the advance could extend to attack and test the resistance of 5091 which…
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Oil managed to hit the target of 66.15 last Friday. The managed to retreat on faded tensions between U.S and Iran, at least for now, whilst prices re-tested the support channel around 62.50. As the tension between U.S. and Iran could…
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The par managed to test the first resistance at 157.60-90 which led to a correction. Downtrend risk is facing supports at 154.50 and 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90.…
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GBPUSD also managed to pass above the resistance trend, while as long as the market holds above the 1.3585-1.3620 support, the advance could sustain toward 1.3735 and 1.3870. Below 1.3585 more of a drop towards the 1.3380-99 support zone…
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The Euro managed to pass above 1.1880 which could lead prices higher to test the resistance zone at 11970-90, which could see a drop with support at 1.1765. Above 1.1990 more advance will be expected with resistance at 1.2080. Below…
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USDCHF slumps lower The US dollar gave up most of its recent gains after hitting a firm rejection. The pair continues its way lower after falling through the psychological level of 0.7700. A continued bearish breakout of the recent…
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The Dow managd last Friday to hit the target at 50000-100. As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold this trading…
Read More